GTA Housing Market The Toronto Real Estate Board reported strong price growth for the GTA in November as tighter market conditions prevailed across the region. The average selling price for November was up 11.3% on a year-over-year basis to $538,881. The MLS Home Price Index Composite Benchmark, which is not affected by changes in the […]
Housing Market Overview CMHC today released its Fourth Quarter 2013 Housing Market Outlook report, which indicates a balanced market that will continue moving along at a steady pace. While building activity picked up in recent months and CMHC increased its housing starts forecast for 2013 to 185,000 units, construction activity is not expected to rebound […]
Housing Market Overview The Canadian housing market continues to defy the odds and has regained some momentum when several industry experts predicted a severe cooling was in the cards. Last summer when the federal government implemented its fourth round of tightening to mortgage lending standards since 2008, it was widely believed that this would be […]
Canadian Real Estate Market Report Canada’s housing market displayed signs of cooling during the first quarter of 2013, as total sales declined 15.3% year-over-year. Prices remain higher year-over-year as the overall market remains in balanced territory with stable supply/demand dynamics. While comparing year-over-year metrics can be useful, we believe it can be misleading given we […]
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